Facebook paid just £28m tax after record £1.6bn earnings in UK
(The Guardian Business News)

Profits on social media app surged by more than 50% to £97m in latest tax yearFacebook´s UK operations paid £28m in tax last year despite attracting a record £1.6bn in British sales.The social media company´s latest UK accounts show that gross income from advertisers rose almost 30% last year to £1.65bn, and pretax profits surged by more than 50% from £63m to £97m. Continue reading...